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SaaS Interviews with CEOs, Startups, Founders

EP 428: Super Creative Dad of 4 Buys Time By Minimizing Expenses, Launches Drone Info Company with Egbert Oostburg

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 25 September 2016

⏱️ 17 minutes

🧾️ Download transcript

Summary

Egbert Ootsburg, onto The Top. Egbert runs a company that designs apps for the scalding-hot consumer drone market. Listen as Egbert talks about his strong ambition to make a difference in the world and how he takes advantage of the drone market.

Famous Five:

  • Favorite Book? – Zero to One
  • What CEO do you follow? – Andy Stanley
  • Favorite online tool? — Evernote
  • Do you get 8 hours of sleep?— “Are you kidding?”
  • If you could let your 20 year old self know one thing, what would it be? – “To get started faster and not to wait for something to occur before giving yourself permission to succeed”

 

Time Stamped Show Notes:

  • 01:37 – Nathan introduces Egbert to the show
  • 02:06 – How Egbert generate money
    • 02:18 – Open Skkye App
    • 02:45 – Helps Drone pilots find places where to fly versus not fly
    • 03:25 – 2015 total revenue
    • 03:44 – Drone Aviator
  • 05:00 – Leaving the corporate world
    • 05:10 – Worked with Pfizer in 2009
    • 05:38 – Biggest recommendation
    • 05:55 – “There’s always a way to bootstrap something”
  • 06:20 – Egbert did a consulting job
    • 06:31 – Consulting revenue
  • 07:07 – The gap between the pre-revenue and 2009
    • 07:35 – Drone industry
  • 08:25 – Creative ways to decrease expenses
    • 08:36 – “Live on the basics that you need”
    • 08:52 – Cut the monthly expenses to 45% of previous total
    • 09:09 – 4 kids
  • 09:46 – How much money you keep is NOT how much money you make
  • 10:05 – Reason why Egbert’s business attracted investors
    • 10:24 – Experience in aviation from Navy
      • 11:05 – Anticipated revenue in the next quarter
    • 11:55 – About half a million registered users
    • 12:17 – New items every week
  • 12:37 – Connect with Egbert thru his LinkedIn and Twitter
  • 14:55 – The Famous Five

 

3 Key Points:

  • Believe in the vision of what you’re doing and create value.
  • It is about how much money you keep, not how much money you save.
  • Get started faster.

 

Resources Mentioned:

  • Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
  • Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
  • Freshbooks – The site Nathan uses to manage his invoices and accounts.
  • Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
  • LinkedIn – Egbert’s linkedin account
  • @EgbertOostburg  - Egbert’s twitter handle
  • Show Notes provided by Mallard Creatives

 

Transcript

Click on a timestamp to play from that location

0:00.0

This is the top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.

0:09.0

You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.

0:16.0

I'm now at $20,000 per talk.

0:18.0

Five and six million.

0:19.0

He is hell-bent on global domination.

0:21.2

We just broke our 100,000 unit sole mark.

0:23.9

And I'm your host, Nathan Latka.

0:27.7

Okay, Top Tribe, this week's winner of the 100 bucks is Jose Avila.

0:32.4

He is a 17-year-old that doesn't want to go to college and he wants to start his own business.

0:36.6

For your chance to win

0:37.9

a hundred bucks just like Jose every Monday morning, simply subscribe to this podcast on iTunes right now

0:44.0

and then text the word Nathan to 3344 to prove that you did it. Okay, many of you heard I made a big

0:51.7

league acquisition of a company called Send Later, and I'm a greedy

0:55.5

business guy. I didn't want to give away equity to a technical co-founder. So I found my coders on a website

1:01.4

called TopTol at Nathan Latka.com forward slash T-O-P-T-A-L. I paid over $12,000 to the site to a guy

1:09.1

named Hee Shiming in China, who I've never met,

1:12.1

but we're going to build a big business together.

1:13.9

I'm taking Send Later public by the time I turn 30.

1:16.9

I'll tell you more about TopTil later on in this episode.

1:20.6

Top Tribe, this episode 428.

1:22.6

Coming up tomorrow morning, you'll hear from Gavin Jutslinski.

1:26.2

He runs a SaaS business with 16,000 paying customers

...

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